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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: Daniel Bouton

Daniel Bouton stories: 5 news summaries

SocGen Chief Resigns Amid Growing Outcry

Executive pay scandal, $6.4B fraud fallout
push Bouton to quit

Apr 29, 09 7:08 AM CDT
(Newser) - The chairman of Société Générale announced his resignation today amid growing public criticism of his performance, Reuters reports. Daniel Bouton had been scolded by Nicolas Sarkozy for his handling of the rogue trading affair that cost the bank $6.4 billion; last month the president attacked the... More »

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France • resignation • bank • Daniel Bouton • Societe Generale • Jerome Kerviel

SocGen CEO Resigns Over Rogue Trader

Bouton steps down at last; future remains grim for French bank

Apr 18, 08 4:59 AM CDT
(Newser) - The CEO of Société Générale will step down, at last bowing to pressure in the wake of the $7.8 billion rogue trading scandal. Although investors and politicians—including French President Nicolas Sarkozy—had demanded Daniel Bouton's resignation immediately after the revelation of Jérôme Kerviel's... More »

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France • resignation • bank fraud • Jérôme Kerviel • Société Générale • Daniel Bouton • rogue trader

SocGen Posts Record $4.9B Q4 Loss

Subprime writedowns and fraud drop bank's annual profit 82%

Feb 21, 08 9:54 AM CST
(Newser) - Societe Generale's annual profits plummeted a whopping 82% after a record $4.9 billion fourth quarter loss fueled by subprime woes and the actions of rogue trader Jerome Kerviel, reports Bloomberg. France’s second-largest bank today said net income was 947 million euros, compared to 5.22 billion euros in... More »

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subprime mortgages • earnings reports • corporate earnings • Jérôme Kerviel • Société Générale • Daniel Bouton • SocGen

SocGen Board Stands By
Its Execs

Bank gives vote of confidence despite $7.2B losses in fraud

Jan 30, 08 10:52 AM CST
(Newser) - Defying pressure from the French government, Société Générale's board of directors today unanimously voted to keep co-chief executives Daniel Bouton and Philippe Citerne in their jobs. About 100 employees endorsed the sentiment by leaving the embattled bank's headquarters and standing on the sidewalk in a show of... More »

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France • Jérôme Kerviel • Société Générale • Daniel Bouton

Rogue Trader Bet $73B —Twice SocGen's Worth

'Complicity' by others can't be ruled out

Jan 28, 08 5:41 AM CST
(Newser) - Maverick trader Jérôme Kerviel gambled with $73 billion, twice the market value of Société Générale, by stealing computer access codes and setting up fake email accounts, the French bank revealed as new details emerged in one of the biggest scandals in history. One executive also... More »

MORE ABOUT:
DAX • Jérôme Kerviel • Société Générale • Jean Michel Aldebert • Daniel Bouton

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